Hannover Re (FRA:HNR1) has been assigned a €122.00 ($141.86) target price by analysts at Deutsche Bank in a report released on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price target points to a potential downside of 14.08% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group set a €120.00 ($139.53) price target on shares of Hannover Re and gave the company a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. set a €130.00 ($151.16) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a report on Friday, July 19th. Independent Research set a €145.00 ($168.60) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada set a €131.00 ($152.33) price objective on shares of Hannover Re and gave the stock a “neutral” rating in a report on Thursday. Finally, Barclays set a €114.50 ($133.14) price objective on shares of Hannover Re and gave the stock a “sell” rating in a report on Monday, July 29th. Five analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €122.47 ($142.41).
Shares of FRA HNR1 traded up €0.50 ($0.58) during midday trading on Friday, hitting €142.00 ($165.12). 135,360 shares of the company traded hands. Hannover Re has a 12-month low of €94.75 ($110.17) and a 12-month high of €116.37 ($135.31). The firm has a 50-day moving average of €142.62.
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The Property & Casualty Reinsurance segment offers specialty lines comprising marine, aviation, facultative, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities.
Further Reading: Quiet Period Expirations Explained
Receive News & Ratings for Hannover Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hannover Re and related companies with MarketBeat.com's FREE daily email newsletter.